Category: INVESTMENT DEALS

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Coming Soon – The Stunning Cherry Tree House Development

A beautiful new development of 24 luxury finished, one and two bedroom apartments. The development is made from the conversion of the beautiful former Cherry Tree Hospital building plus a complete new build section to the rear. It will be finished to a very high standard by local and reputable developer, Urbanize Homes.

The development is due to be complete in June 2019 with prices starting from £150,000.

Call 0161 474 8660 or e-mail me at andrew@julianwadden.co.uk to register your interest.

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Stockport’s Ice Sculpture Trail – Saturday 22nd December!

On Saturday 22nd December 10 Giant Ice Sculptures will create the first ever Stockport Ice Trail. With a live giant being carved out of the biggest ice cube you will have ever seen! Ten giant ice sculptures will form an Ice Trail around the town centre at St Peter’s Square, Mersey Square, Merseyway, Suffragette Square at Redrock, Peel Centre, Market Place, Stockport Exchange, Great Underbank and at Warren Street.Follow the ice trail to see what the letters spell!!With late night shopping and free car parking* you can sure of a warm and icy welcome in Stockport this Christmas.

Find out more at: www.stockportchristmas.co.uk

To register for your free car parking pass visit: www.totallyfreeparking.co.uk Ice Sculpture Trails – Saturday 15th December Live carving of an Angel Rudolph Antlers and nose – photo opportunity Penguin Grinch Polar Bear Elf with toy Gingerbread Man Arctic ExplorerSantaIce Sculpture Trails – Saturday 22nd December Live carving of a Unicorn Ice wings – photo / opportunity Reindeer Olaf Killer Whale Seal Frog Tinkerbell Christmas Tree Knut-cracker

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IS THE UK BECOMING A HAPPIER PLACE TO LIVE?

  • There are many factors that influence our quality of life and well-being. In 2010, the ONS started the ‘Measuring National Well-being’ (MNW) programme in order to have a standardised monitor of well-being. The latest bulletin was published on 28th November 2018.
  • At a national level, previous research has shown that how people view their health is the most important factor, followed by employment status and relationship status. At a local level, a wide range of local conditions can affect people’s well-being, with housing affordability a key issue. In particular where local house prices are too high relative to incomes, thereby preventing prospective buyers from getting on to the housing ladder and they subsequently remain in rented accommodation.
  • Comparing June 2017 with June 2018 there were no significant changes to personal well-being measures (life satisfaction, feeling that things done in life are worthwhile, happiness and anxiety) in the UK, or indeed across any of its countries. Also, fewer people reported low happiness ratings and more people reported very low anxiety ratings.
  • The positive changes in well-being across the UK may be influenced by the improvement in economic indicators during the 12 months, such as the unemployment rate which was at its lowest level between April and June 2018 since the period from December 1974 to February 1975, at 4%. Also, average weekly earnings for employees in Great Britain increased by 2.7%, in nominal terms, compared with a year earlier. However, in June 2018, the rate of annual house price growth was also at its lowest level since August 2013, at 3%.
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Plans submitted for new employment regeneration scheme in Stockport

PJD Properties have submitted a planning application for 5 light industrial B1/B8 (trade counter) units totalling just under 13,000 sq ft on a 1.26 acre site located on the edge of Stockport town centre. The 1.26 acre site is located at the corner of Chestergate and King Street West. The site, which was acquired in the 1970’s, and previously housed Chestergate Mill until its demolition in 2009, is currently used for car sales, with a children’s play centre occupying a warehouse at the front of the site. Plans submitted allow for five units, ranging in size from 1,880 sq ft to 4,000 sq ft, with up to 59 car parking spaces. A sensitive design and landscape solution has evolved out of Pozzoni Architects and Square Yard working closely with Steven Levrant Heritage Architecture; a team led by J10 Planning, with agency advice provided by Avison Young. Mentor House, which fronts King Street West opposite Weir Mill in a corner of the site will be retained due to its protected “locally listed” status but does offer another opportunity. Mark Davies, Director at PJD Property, said: “The site has changed considerably over the last five decades and whilst we have considered many alternative uses none of these have been found to be viable. I believe that the proposals will secure its redevelopment for a sustainable employment generating use. It’s in a great location, minutes away from Stockport town centre, the rail station with direct access to the M60 and the A6. “I am confident there will be a lot of interest in the units and I am prepared to speculatively develop the site given the demand for this scale of unit and location.”

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Incredible Investment Opportunity for 10-12 apartments achieving a yield of 7.35% in Stockport (SK2)

Hello Investors, I have another amazing investment property for you this week with a yield of 7.35%.  Just amazing!

Its a huge plot over 4,000 sqft with 2 on site car parks.  The property is currently being utilised as 2 large house shares with a total of 16 bedrooms and 13 bathrooms.  I believe that out of this development you would be able to achieve 10-12 1 bedroom apartments which would each rent for approx. £600 per calendar month to good tenants (working professionals) if finished to a high standard, with modern kitchens and the inclusion of white goods.   This would bring in a return of £6000 to £7200 per calendar month which is £72,000 to £86,400 per annum.

The property is on the market with MBRE for £1 million and the works would cost around £70,000 to £100,000 which, taking into consideration the rental prices, would achieve you a fantastic yield of 7.35% but also in doing this it would significantly increase the resale value.

For more information on this property or for more information on buy-to-let deals in Stockport, please do not hesitate to give me a call on 0161 474 8668.

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Piccadilly View – Planning approved on this stunning £30m Town Centre development

I am delighted to announce that we have been instructed as selling agents on this stunning new Town Centre development.

Local developer Sal Arya, of Urbanize Homes, have appointed CPUK to build their brand new 13 storey, 164 apartment building on the former Greenhale House site. The project was given the go-ahead last week by Stockport’s planning committee, with builders due onsite in April 2019.  

The plans for the site include 78 one-beds, 84 two-beds, and two three-bedroom penthouse apartments in a 13-storey block along with a commercial unit at ground floor; this is likely to be occupied by a coffee shop. Nine of the apartments are to be affordable, in line with Stockport’s planning policy.

We are taking enquiries immediately. If you are interested and would like further information then please contact me at andrew@julianwadden.co.uk

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Great Buy to Let Investment in Stockport’s Famous Market Place

Hello Readers,

I’ve found this wonderful investment property that I’m excited to share with you! The property has just been refurbished throughout to a high and modern standard yet still retains its period features such as a large leaded arched window. Nestled within the cobbled streets of Stockport’s Market place, this chic property comes with the added benefit of a parking space!

Stockport’s Market Place is in the historic heart of this town so if your looking for something a little special with a rental yield of 5.96% then this could be the property for you. This projected yield is based on a monthly rental of £695.00.

This property is currently being marketed with no chain by Edward Mellor and more information can be found  here: 

Click here for an insight into why Stockport is such a great area to invest in.

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Stockport into best buy-to-let investment area Top Ten

Stockport has entered the top 10 of buy-to-let investment areas in England and Wales, in new data published by specialist mortgage lender LendInvest.

It sits in second place, behind only Colchester in Essex, in the new quarterly Buy To Let Index Reporthaving moved up a whopping 18 places from 20th in last July’s figures. In more excellent news for the BTL scene in the north-west, Manchester is one place below its near-neighbour.

The research looked at each postcode area around England and Wales and focused on a combination of four critical metrics: transaction volumes, rental price growth, rental yield and capital value growth.

LendInvest November 2018

©LendInvest

From these four metrics, Stockport has performed particularly well in capital gains with a growth of 6.34% and has been helped by rents rising by 3.18% over the same period. Strong yields of 5.29%, backed by reasonable figures in capital gains and rent growth, has helped Manchester move two places up in the index and the city’s buoyant property scene seems to be rubbing off on nearby areas. Elsewhere in the north of England, both Leeds and Harrogate feature in the top 20 at 12 and 20 respectively.

The Midlands also ranks highly in the new LendInvest data, with Birmingham joined by Wolverhampton and Coventry in the top 10.

Ian  Boden, Sales Director at LendInvest, commented, “The growing opportunity for BTL investors in these regions reflects a knock on effect of investment in these key cities. Locking down a solid prediction of how the landscape will look into the New Year is no easy task. In this instance, we know it is best to let the data do the talking.”

 

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Stockport is Region’s Fastest Growing Economy

A report by law firm Irwin Mitchell has shown Stockport to be the region’s fastest growing economy!

As  reported in the Manchester Evening News, the UK Powerhouse Study produced by Irwin Mitchell and the Centre for Economics and Business Research, reports that Stockport is the region’s fastest growing economy but Manchester is set to maintain strong jobs growth post Brexit.

Stockport is part way through a £1bn programme of investment that has seen a new business zone offering Grade A office space at Stockport Exchange; the Town Centre Access Plan – TCAP and a new leisure development at Redrock incorporating a new cinema complex and choice of popular restaurants. Phase 3 of Stockport Exchange will provide for another 60,000 sq ft of Grade A office space in a six-storey development adjacent to Stockport Exchange.

Future projects include for a new £85m transport interchange in Stockport town centre which will include the creation of a two acre park and a focus on creating town centre living.

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